Desjardins Upgrades MDA Space (TSE:MDA) to “Moderate Buy”

Desjardins upgraded shares of MDA Space (TSE:MDA) to a moderate buy rating in a research report sent to investors on Wednesday, Zacks.com reports.

Several other analysts also recently commented on MDA. Royal Bank of Canada raised their price objective on shares of MDA Space from C$18.00 to C$20.00 in a research report on Friday, September 20th. Canaccord Genuity Group boosted their price objective on MDA Space from C$18.00 to C$21.00 and gave the company a “buy” rating in a research report on Thursday, October 3rd. Scotiabank upped their price objective on MDA Space from C$21.00 to C$22.00 and gave the stock an “outperform” rating in a research note on Friday, August 16th. Finally, Cormark lifted their target price on MDA Space from C$19.00 to C$21.00 in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, MDA Space currently has a consensus rating of “Moderate Buy” and a consensus price target of C$18.63.

MDA Space Price Performance

TSE MDA opened at C$21.30 on Wednesday. The stock has a market capitalization of C$2.56 billion, a price-to-earnings ratio of 56.05 and a beta of 0.02. MDA Space has a 1-year low of C$10.65 and a 1-year high of C$21.86. The company has a debt-to-equity ratio of 45.79, a current ratio of 1.00 and a quick ratio of 1.00. The business’s fifty day moving average price is C$18.11 and its 200-day moving average price is C$14.94.

MDA Space (TSE:MDA) last announced its earnings results on Thursday, August 8th. The company reported C$0.19 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.10 by C$0.09. MDA Space had a return on equity of 4.47% and a net margin of 5.53%. The business had revenue of C$242.00 million for the quarter, compared to analysts’ expectations of C$221.34 million. On average, equities analysts predict that MDA Space will post 0.9605084 earnings per share for the current year.

Insider Transactions at MDA Space

In other MDA Space news, Director Karl W. Smith purchased 3,244 shares of the firm’s stock in a transaction that occurred on Wednesday, August 14th. The shares were bought at an average price of C$14.83 per share, with a total value of C$48,120.20. In other news, Director John Carter Risley sold 22,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of C$15.42, for a total transaction of C$347,017.50. Also, Director Karl W. Smith purchased 3,244 shares of the stock in a transaction that occurred on Wednesday, August 14th. The stock was bought at an average price of C$14.83 per share, with a total value of C$48,120.20. Over the last three months, insiders have sold 199,220 shares of company stock valued at $3,285,909. 12.60% of the stock is currently owned by insiders.

MDA Space Company Profile

MDA Ltd. designs, manufactures, and services space robotics, satellite systems and components, and intelligence systems in Canada, the United States, Europe, Asia, the Middle East, and internationally. The company offers geointelligence solutions that use satellite-generated imagery and analytic services to deliver critical and value-added insights in the areas of national security, climate change monitoring, and maritime surveillance; owns and operates commercial data distribution for its satellite RADARSAT-2; and distributes high resolution optical imagery, satellite-based automatic identification system data, and radio-frequency data for other third-party missions.